A WalletHub analysis released on Wednesday showed Hawaii has the highest housing cost burden in the U.S.
Hawaiian homeowners spend 50.02% of their median monthly household income on housing, including mortgage and energy costs. California ranks second at 43%, followed by Massachusetts at 33.67%, while Iowa sits lowest at 17.26%.
The ranking combines mortgage, rent and home energy costs and adjusts them against median income across all 50 states.
High Costs Despite High Incomes
Hawaii’s burden stands out even with relatively strong earnings. The state has the fourth-highest median household income at $100,389, yet housing costs still consume a disproportionate share. The report attributes this to consistently high expenses across categories, with Hawaii recording both the highest mortgage payments and the highest home energy costs in the country.
California shows a similar pattern. Despite a median income of $99,122, residents spend 43% of their income on housing, driven by the second-highest mortgage costs and elevated …
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